Shiki-Gun Apartment average value

Price 164,330 JPY/sq.m
- Age 11.7 years old
- Dist. from Sta. 16.6 min walk
- Property area 71.2 sq.m

The average price of Nara Shiki-Gun Apartment, in 2017 was 98,462 JPY/sq.m. The market value represents a decrease of 55,384 JPY (-36.0%) compared to 1 year ago and a transition to a dramatic market.

One distinguishing feature of recent real-estate transactions was a slight decrease in transactions involving relatively new buildings under 20 years old.

Causes of price decreases

  • An increase in average distance from the station (representing 13.0 min in 2016 and 15.5 min in 2017; +19.2%)
Data regarding the market value and its changes of Apartment in Shiki-Gun were calculated using data on the sales of 8 properties provided by the MLIT Japan.

Shiki-Gun Apartment market value list

AreaAverage Trading PriceAverage Unit Price#
Tawaramoto-Cho11,975,000 JPY164,330 JPY/sq.m8 件
Note! This area does not have enough purchase history data accumulated to calculate a correct market value. As a result, please be advised that the calculated market value you see may differ greatly from the actual trading price.

Shiki-Gun Apartment value Age transition

Market values (unit price: sq.m, ㎡) in terms of Age, is as follow.

The orange line means market values (unit price: sq.m) for Apartment in terms of Age. The orange line changes on the basis of distance from the train station and area of the property (* For example , if the distance from the station is far, the lower the unit price.).

The dots means trading data. When you mouseover or touch the dot, details of the trading data is displayed. You can color (classify) the dots on the basis of the property area, distance from the stations, or the property price, etc.

(* You can scroll and zoom with pinch in the mobile environment.)
(* When you double-click, the value of Age is updated.)
AgeTrading PriceProportion
Price at New295,802 JPY/sq.m100 %
Residual Value (10 Years)187,221 JPY/sq.m63 %
Residual Value (20 Years)127,413 JPY/sq.m43 %
Residual Value (20 Years)116,378 JPY/sq.m39 %
Color:
Unit:   Touch:
Apartment value Age transition. Market values in terms of Age.

Apartment value Age transition

Property Details:
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- Trading date: {{infoObj.trade_date|date:'MMMM, yyyy'}}

When you change the slider, the unit price will change.
Age of a building Property area Total floor area Distance from the station




Calculate Shiki-Gun Apartment market value

We can calculate market values for Apartment based on their age, area, and distance from a train station.

Age
years old
Area
sq.m
Total floor space
sq.m
Distance from the station
min walk

Market values for Shiki-Gun Apartment that meet the above conditions were calculated in the following manner.

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({{unit_price|number:0}} JPY/sq.m)

The assumed transaction price, not including agency commissions, taxes, etc.

Trading Data

Past Apartment sales data, with similarly entered ages, area, and distances from station are as follows.

1. Nara Shiki-Gun Tawaramoto-Cho 大字阪手 (Shiki-Gun Tawaramoto 18.0 min walk)
14.8 years old , Area: 70.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2015-12-01 00:00:00

Trading price:   11,000,000 JPY,    Unit price:   157,143 JPY/sq.m

2. Nara Shiki-Gun Tawaramoto-Cho 大字阪手 (Shiki-Gun Tawaramoto 18.0 min walk)
8.0 years old , Area: 65.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2009-03-01 00:00:00

Trading price:   11,000,000 JPY,    Unit price:   169,231 JPY/sq.m

3. Nara Shiki-Gun Tawaramoto-Cho 大字阪手 (Shiki-Gun Tawaramoto 18.0 min walk)
16.5 years old , Area: 65.0 sq.m , Total floor area: sq.m , Structure: RC
- Trading date: 2017-09-01 00:00:00

Trading price:   800,000 JPY,    Unit price:   12,308 JPY/sq.m

4. Nara Shiki-Gun Tawaramoto-Cho 大字阪手 (Shiki-Gun Tawaramoto 13.0 min walk)
15.5 years old , Area: 65.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2016-09-01 00:00:00

Trading price:   10,000,000 JPY,    Unit price:   153,846 JPY/sq.m

5. Nara Shiki-Gun Tawaramoto-Cho 大字阪手 (Shiki-Gun Tawaramoto 13.0 min walk)
16.8 years old , Area: 65.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2017-12-01 00:00:00

Trading price:   12,000,000 JPY,    Unit price:   184,615 JPY/sq.m

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- Trading date: {{item.trade_date|date:'MMMM, yyyy'}}

Trading price:   {{item.price|number:0}} JPY,    Unit price:   {{item.unit_price|number:0}} JPY/sq.m

Apartment market value trends

Market value trends for Apartment are as follows.

Data:
Unit:   Touch:
Apartment market value trends Market value trends for Apartment.

Apartment market value trends


Breakdown of each segment

One distinguishing feature of recent real-estate transactions was a slight decrease in transactions involving relatively new buildings under 20 years old.

Causes of price decreases

  • An increase in average distance from the station (representing 13.0 min in 2016 and 15.5 min in 2017; +19.2%)
The table below shows Apartment dealt in Nara Shiki-Gun, in age, distance from station, and area segments. For example, we can see market trends, such as which transactions have increased more in recent years, those for newer properties, or older ones.

Segment:

Area close to the price in Shiki-Gun

The closest areas in terms of Apartment price ranges to this area are ones like the following that are along a railway line and have a station.

Area / Station Median
Price
JPY
Unit price
JPY/sq.m
Age
Years old
Distance
min walk
Area
Kashiba-Shi 真美ケ丘 (17) [Area]13,000,000162,500 JPY/sq.m14.5 yrs23 min85 sq.m
Yamatokoriyama-Shi 箕山町 (14) [Area]12,500,000168,068 JPY/sq.m13.5 yrs11 min75 sq.m
Yamatokoriyama-Shi 南郡山町 (7) [Area]11,000,000169,231 JPY/sq.m13.5 yrs11 min65 sq.m
Nara-Shi 四条大路 (49) [Area]8,250,000170,714 JPY/sq.m11.0 yrs14 min50 sq.m
Ikaruga-Cho 法隆寺南 (3) [Area]13,000,000173,333 JPY/sq.m11.3 yrs13 min75 sq.m
Kintetsu Kashihara Line Tawaramoto (8) [Stations]11,500,000176,923 JPY/sq.m12.1 yrs18 min67 sq.m
Kintetsu Kashihara Line Tsutsui (14) [Stations]11,500,000177,381 JPY/sq.m13.0 yrs7 min67 sq.m
Kintetsu Kintetsu Tawaramoto Line (38) [Stations]14,000,000200,000 JPY/sq.m13.9 yrs8 min75 sq.m
Kintetsu Tenri Line Sennzai (70) [Stations]8,000,000124,126 JPY/sq.m18.1 yrs11 min65 sq.m
Kintetsu Tawaramoto Line Oowada (23) [Stations]15,000,000213,333 JPY/sq.m15.3 yrs13 min75 sq.m